January 22, 2008

Why Doing Your Ebay Research Can Pay Huge Dividends

by Graham Waite`

You probably heard this way too many times as a child, but doing your ebay homework or ebay research if you like is one of the best tips that highly successful people like Internet marketer and businessman, Dale Calvert can offer.

Look around and find out what's selling and whats hot on eBay for collectibles.Spend a few hours a week at local auctions or scanning the online catalogues and you could be quiting the day job faster than you might be thinking.

If you heed Dale Calverts advice you won't try and compete by selling main stream stuff on eBay where sellers look to make miniscule profits in overly competative markets.

How can we loose sight of the fact that eBay began as a way of buying and selling unwanted collectibles and the odd antique cluttering up your home.Not as it is today with stores selling high end electrical goods with virtually no margin for sellers to speak of as they try to under price each other.

To play the antiques and collectibles game you have to be wide-awake, paying attention and,of course doing your homework on a regular basis both on and off line.

When Dale Calvert went to his local auction house he was able to pick up a 1898 Harpers Review which his research and knowledge told him was worth buying.This knowledge giving him a massive advantage over those less well informed.

By having the knowledge to know what he was looking for he was able to pick up the book for a fraction of it's true value buying it for just $40. Which by listing on eBay he was able to convert into a healthy profit selling at $480 in just a matter of days.

On another visit to an auction house he was able to buy some presentation screens which he picked up for only $225 and managed to flip them using ebay for a $1500 pay day. Nice work if you can get it!

Think smart not hard is great way of making money even a few thousand dollars a month is quite possible.It's not that hard but few understand the idea at all. Keep a eye of announcements in the local press for up and coming auctions.Check out the offers at their websites a few days before and then go to eBay and find those in demand gems people are looking for a how much they are prepared to pay.

If you want to double your money a simple formula Dale Calvert recommends is never bid more than 50% of the eBay selling price and you are pretty much guaranteed success every time.

Doubtless you could might have some competition but when you think about it will probably be handful of bidders out of may be 100 or so attending the auction.It's common sense really less bidding usually means lower prices.

Their is direct corelation between the number of bidders and the prices paid.But when you take it on to eBay you have just increased your auction to a market consisting of possibly thousands and this will reflect in the price paid as well.

Remember that the more you hang out at local auctions and do the eBay research the more you get to grips with this quaint concept of antiques and collectibles. People collect anything and everything and the more you get to know what is considered precious and what junk the better you will become and the more distant your day job will get.

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Filed under Home Business by Graham Waite

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